Description: What's a Convertible Note? (Convertible Notes Explained), Convertible Note Terms: How Convertible Notes Work, What is a Convertible Promissory Note?, Convertible Note vs Post-Money SAFE (Simple Agreement for Future Equity) - Which is Best?
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Note , notes , or NOTE may refer to:
A promissory note is a legal instrument (more particularly, a financial instrument ), in which one party (the maker or issuer ) promises in writing to pay a determinate sum of money to the other (the payee ), either at a fixed or determinable future time or on demand of the payee, under specific terms. If the promissory note is unconditional and readily salable, it is called a negotiable instrument .
Referred to as a note payable in accounting (as distinguished from accounts payable ), or commonly as just a "note", it is internationally defined by the Convention providing a uniform law for bills of exchange and promissory notes , although regional variations exist. A banknote is frequently referred to as a promissory note: a promissory note made by a bank and payable to bearer on demand. Mortgage notes are another prominent example.